P2P Marketplaces / Gig Economy

Acquire More Marketplace Customers While Reducing Fraud

Help customers onboard and transact faster – all while keeping fraud in check with a modern identity verification and authentication solution. 
🎉
Acquire more marketplace customers

The world's best companies trust Prove

Proven Results

79

%

Faster Onboarding

35

%

Less Onboarding Abandonment

75

%

Onboarding Fraud Reduction

How Prove Helps Marketplaces

Friction-free onboarding

Frictionless onboarding with no-cost KYC

Challenge

Balancing a smooth customer onboarding experience with strong fraud controls often requires trade-offs.

Solution

Prove Identity™ augments risk-scoring processes with proprietary phone ownership signals, helping Marketplaces screen identities of new customers and service providers.

Reduce risk & fraud while improving customer and service provider account experience

Challenge

Peer-to-peer marketplaces are increasingly becoming fraud targets, and account security is critical (securing both customers and service providers).

Solution

Prove Identity™ augments platform integrity and risk-scoring processes with proprietary phone ownership signals, improving risk & fraud management, mitigating account takeovers, fraudulent transactions, and other fraud vectors.
Improve customer experience
Thwart unauthorized access

Stronger frictionless authentication to protect against unauthorized access

Challenge

Customers and service providers expect a frictionless world where account access is streamlined and instant. Marketplaces need to balance customer experience with managing risk & fraud and identity authentication.

Solution

Prove Auth™ offers a suite of passive and active authenticators to adapt to any customer’s authentication scenario across low-to-high-risk events.
“Prove's solutions significantly simplify the enrollment processes for millions of Zelle P2P users while adding another layer of non-intrusive protection behind-the-scenes for Zelle. Prove brings together data from across the mobile ecosystem—networks, devices, users—to help us assess enrollment and transaction risk almost instantly. This helps us balance the requirements for speed and security in the faster payments space."
ERIC WOODWARD
FORMER PRESIDENT, RISK SOLUTIONS  @Zelle/Early Warning Services
“We are thrilled to partner with Prove. There’s no denying the rapidly growing interest in crypto investing – however, the industry has been faced with two major issues – accessibility and security. Our partnership with Prove will provide a seamless onboarding process for new users, strengthening safety and security for our platform’s entire community.”
Ray Youssef
CEO & Co-founder  @Paxful
“Prove’s phone-centric identity signals were instrumental in helping us to protect our user base against SIM swap fraud. They provided us with one of the key signals we needed in order to detect account takeover attempts, thereby protecting our customers from huge potential losses."
Director of Data Science and Risk
Leading Cryptocurrency Wallet
webinar

5 Digital Identity Trends Marketplaces Should Know for 2022

Here are the major identity trends leading marketplaces must pay attention to in order to meet evolving customer expectations and drive long-term retention.

Watch the webinar
blog

How P2P Platforms Can Prevent Man-in-the-Middle Attacks with Advanced MFA

In the P2P payments context, the victim receives an SMS from an unknown number sent by a fraudster claiming to be from the fraud department of a well-known P2P...

Read More
blog

How Does Facebook P2P Actually Work?

Facebook’s recently launched P2P payments system is currently built entirely around the Messenger platform...

Read More
blog

SMB Lending: Marketplaces vs. Banks

While lending to consumers is straightforward enough in terms of access to massive behavioral and transactional data on a number of platforms...

Read More

Talk to an expert

Learn how our Marketplace solutions can help your business:

Prove Awards